Friday, March 31, 2017

We all know Mr. Wonderful. He’s the shrewd and sometimes insolent shark on ABC’s Shark Tank. Whether you love or hate him, there’s one thing we can agree on: he speaks the unfiltered truth. I recently met with Kevin O’Leary to talk about business, entrepreneurship and life. The best part of our meeting was that I left with five of the most memorable business mantras ever.

4 Best Side Business Ideas to Start While Working Full-Time

Baking.It’s funny how much baking can relate to making money. Start bringing in some side income by kneading flour, mastering the oven, and appeasing everyone’s sweet tooth. While some experts have already turned baking into their sole “bread and butter,” you need not leave your day job just yet. Depending on your experience, you can start by doing something simple on the side like Grandma’s nostalgic cookies before heading on to offer exquisite artisanal fare.

Teach DIYs.Nothing beats teaching more novice learners about your passion, hobby, or craft. Explore dozens of DIY portals (such as DIY.org, DIY Network, Instructables and Mahalo) to get ideas on how to earn a healthy side income just by showing others how to do the things you love. You can also sift through the countless ad-supported YouTube channels that teach just about anything from guitar strumming to 3D printing.

Clothing Alterations and Tailoring.Fashion, style, and grooming continue to be a lucrative side business. If you know how to mend clothes, then you have a growing market of budget-conscious and/or personalization-obsessed customers. Entrepreneur says you need around two thousand dollars to start a decent side business idea in this niche but there’s no harm in starting smaller and growing from there, as long as you can make magic with needle and thread.

DJ-ing.ake the time to develop your skills at either making your own music, or becoming a pro at mixing, and your side business of dj-ing local events could turn into a much bigger business. Though you'll first need to command a solid knowledge of sound design, mixing and music production before expecting to land your first gig.